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Thread: TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all!

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    Iridium mamboni's Avatar
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    Angry TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all!

    from ZeroHedge: http://www.zerohedge.com/news/2013-1...iews-gold-rese

    The memo is a continuation of the US thinking on the issue of the then brand new SDR, the fate of paper currencies, and the preservation of US control over reserve currency status. Most importantly, it addresses several approaches to dominating gold as well as the US' interest of banning gold from monetary system and capping the free market price, contrasted by the opposing demands of various European deficit countries (sound familiar?) on what the fate of gold should be at a time when the common European currency did not exist, and some European countries were willing to fund their deficits with gold: something the US naturally was not happy about.

    While we urge readers to read the full memo on their own, here the two punchlines.
    First, here is what the S intentions vis-a-vis gold truly are when stripped away of all rhetoric:




    U.S. objectives for world monetary system—a durable, stable system, with the SDR [ZH: or USD] as a strong reserve asset at its center — are incompatible with a continued important role for gold as a reserve asset.... It is the U.S. concern that any substantial increase now in the price at which official gold transactions are made would strengthen the position of gold in the system, and cripple the SDR [ZH: or USD].



    In other words: gold can not be allowed to dominated a "durable, stable system", and a rising gold price would cripple the reserve currency du jour: well known by most, but always better to see it admitted in official Top Secret correspondence.
    We continue:




    To encourage and facilitate the eventual demonetization of gold, our position is to keep the present gold price, maintain the present Bretton Woods agreement ban against official gold purchases at above the official price and encourage the gradual disposition of monetary gold through sales in the private market. An alternative route to demonetization could involve a substitution of SDRs for gold with the IMF, with the latter selling the gold gradually on the private market, and allocating the profits on such sales either to the original gold holders, or by other agreement.... Any redefinition of the role of gold must be based on the principle stated above: that SDR must become the center of the system and that there can be no question of introducing a new form of gold– paper and gold–metal bimetallism, in which the SDR and gold would be in competition.


    And there, in three sentences, you have all the deep thinking behind the IMF's SDR: simply to use it as a vehicle through which a select few can accumulate gold (namely those who can create fiat SDRs d novo), while handing out paper "profits" to the happy sellers.

    And just in case it was not quite clear, here it is again, point blank:




    Option 3: Complete short-term demonetization of gold through an IMF substitution facility. Countries could give up their gold holdings to the IMF in exchange for SDRs. The gold could then be sold gradually, over time, by the IMF to the private market. Profits from the gold sales could be distributed in part to the original holders of the gold, allowing them to realize at least part of the capital gains, while part of the profits could be utilized for other purposes, such as aid to LDCs. Advantages: This would achieve our goal of demonetization and relieve the problem of gold immobility, since the SDRs received in exchange could be used for settlement with no fear of foregoing capital gains. Disadvantages: This might be a more rapid demonetization than several countries would accept. There would be no benefit from the viewpoint of financing oil imports with gold sales to Arabs (although it is not necessarily incompatible with such an arrangement).



    One wonders just who in the "private market" would be stupid enough to convert their invaluable paper money into worthless, barbaric relics?

    And finally, was there the tiniest hint of a proposed alternative system to the PetroDollar. Namely, PetroGold?




    There is a belief among certain Europeans that a higher price of gold for settlement purposes would facilitate financing of oil imports... Although mobilization of gold for intra-EC settlement would help in the financing of imbalances among EC countries, it would not, of itself, provide resources for the financing of the anticipated deficit with the oil producers. For this purpose, it would be useful if the oil producers would invest some of their excess revenues in gold purchases from deficit EC countries at close to a market price. This would be an attractive proposal for European countries, and for the U.S., in that it would not involve future interest burdens and would avoid immediate problems arising from increased Arab ownership of European and American industry. (The Arabs could both sell the gold and use the proceeds for direct investment, so that the industry ownership problem would not be completely solved.) From the Arab point of view such an asset would have the advantages of being protected from exchange-rate changes and inflation, and subject to absolute national control.



    One wonders if the price of gold is "high enough" now for Arab purposes, and just where the Arabs are now in their thinking of converting oil into gold... or alternatively into a gold-backed renminbi. And if not now, soon, once the pent up inflation in the Fed's $4 trillion, and rising, balance sheet inevitably start to leak out?
    The full Volcker memo can be found here.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

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    Unobtanium Twisted Titan's Avatar
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    Re: TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all

    Just further proof the biggest players are quitely exiting the room....while the sheep are partying full blast not realizing tbe check is coming do
    Honor The Most High, Keep His Commandments and all will go well with you.

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    Gold Half Sense's Avatar
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    Re: TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all

    Nice word, demonetization. I don't think it will work. They can't change the physical reality. They can't destroy gold. If they buy up 99% of it and throw it in the deep sea, it would just make the remaining 1% they DIDN'T have worth 100x more. And, it would spur numerous attempts to find and recover the 99% that was hidden. To truly "demonetize" gold, wouldn't they need to round up every gold coin and melt it into something not shaped like money? And then pretend real hard that the newly shaped hunks of gold were worthless? Pretend that they are so worthless that they can't be bought or sold, for any price? But if any gold is for sale anywhere in the world, even a grave robber digging a gold filling out of a tooth and trading it for a bowl of soup, it ruins the game. Attaching a price to it ruins the game.

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    Iridium mamboni's Avatar
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    Re: TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all

    Quote Originally Posted by Half Sense View Post
    Nice word, demonetization. I don't think it will work. They can't change the physical reality. They can't destroy gold. If they buy up 99% of it and throw it in the deep sea, it would just make the remaining 1% they DIDN'T have worth 100x more. And, it would spur numerous attempts to find and recover the 99% that was hidden. To truly "demonetize" gold, wouldn't they need to round up every gold coin and melt it into something not shaped like money? And then pretend real hard that the newly shaped hunks of gold were worthless? Pretend that they are so worthless that they can't be bought or sold, for any price? But if any gold is for sale anywhere in the world, even a grave robber digging a gold filling out of a tooth and trading it for a bowl of soup, it ruins the game. Attaching a price to it ruins the game.
    The insiders want the gold because they know that gold is money and always will be. They don't want the sheeple to have gold. They want the sheeple totally dependent on their worthless paper carnival coupons. Fucking control freaks and greedy bastards they are.
    Tricks and treachery are the practice of fools, that don't have brains enough to be honest. -Benjamin Franklin
    Sincerity makes the very least person to be of more value than the most talented hypocrite. -Charles Spurgeon

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    mick silver (14th November 2013)

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    Bitcoin Miner Ares's Avatar
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    Re: TPTB Want the [Physical]Gold! They have always suppressed gold, always! Liars all

    Quote Originally Posted by mamboni View Post
    The insiders want the gold because they know that gold is money and always will be. They don't want the sheeple to have gold. They want the sheeple totally dependent on their worthless paper carnival coupons. Fucking control freaks and greedy bastards they are.
    Couldn't have said it better myself. But they are having a bit of an issue with alternative currencies rising to fill the void left by gold. It's common knowledge they are corrupt maniacal assholes. So why continue to feed them? I'm choosing not too. Even if you accumulate gold and silver, what good is it going to do? You still need fiat to pay for goods and services. So when you "cash" in your gold and silver it will mostly likely end up at a refinery to be added to a larger bar to only be sent to the IMF later.

    Like drug prohibition, it will fail. The free market will always find a way. We may not always like what it offers, but it is a solution.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
    "The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
    "Some Libertarians are born, the government makes the rest."
    "Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."

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